Arco

CompanyMentioned in 1 video

An oil company whose engineers discovered 'the winner's curse' when bidding for oil leases in the Gulf of Mexico, realizing that awarded leases tended to have less oil than anticipated.

Videos Mentioning Arco

Richard H. Thaler — The Winner’s Curse and Going Against the Establishment (with Nick Kokonas)

Richard H. Thaler — The Winner’s Curse and Going Against the Establishment (with Nick Kokonas)

Tim Ferriss

An oil company whose engineers discovered 'the winner's curse' when bidding for oil leases in the Gulf of Mexico, realizing that awarded leases tended to have less oil than anticipated.